[Resolved]  Indiabulls Home Finance — processing fees for unprocessed loan

Hi

MY name is Neetu vijay and i was to apply a home loan through indiabulls home finance MUmbai khar branch.They had intiially approved my loan for Rs 38lakhs and taken all my documents and some security cheques stating that this is the regular procedure incase if my EMI ECS bounces and i gave them 24 cheques of my HDFC bank a/c.They were supposed to charge me a processing fees fo 1.25% for the loan amount against disbursement but instead of doing so before they could even disburse my loan of 38 lakhs they deducted Rs 38000/- as processing fees out of my HDFC a/c using one of the cheques i had given as security which needed to be used if my EMI bounces.Then they rejected my loan stating that they did not get a positive report about me from my last job however ICICI bank had then cleared my laon on the same property.If they did not give me the loan for any reason what right they have to deduct the processing fees, I have contacted them several times and had not got any response from them and they do not even answer my calls.

There is a creadit manager called Mr Urang phone numeber [protected] and his boss
Mr Ketan shah is aware of my case and am sending you the details of the transaction which india bulls had done in to my account
On 10/7/08 they had deposited a cheque in to my a/c of RS 38000/-.

This was the cheque given to them as security against the loan that they were supposed to disburse for my home and all these cheques were given in advance to them.

So even before they processed my loan they deposited my cheque and took this amount out of my account.

I have send a letter to them after makiing an effort to call them and sort this matter they have been just assuring me but its been an year but i have not received this amount.



Regards
Neetu
[protected]